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View Full Version : Brazilian Real Drops to Three-Month Low After Dollar Purchases - Bloomberg



NewsWhore
04-17-2012, 02:30 PM
Brazilian Real Drops to Three-Month Low After Dollar Purchases (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFtLY32s7ud3ejCgaLV6xu3LX7gMg&url=http://www.bloomberg.com/news/2012-04-17/brazil-real-rises-as-spain-s-bill-sale-buoys-demand-for-risk.html)
Bloomberg
Brazil's real fell to the lowest level since January after the central bank bought dollars in the spot market to protect exporters from a strong currency. The central bank purchased greenbacks at an auction today for 1.8448 reais each.

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